The company is specifically focused on its chocolate business as it navigates cocoa cost inflation, Chief Executive Dirk Van ...
Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling ...
Shares of Mondelez International ( MDLZ) fell 3.88% in postmarket trading, after shedding 2.25% during the regular session.
Mondelez International reported Q4 revenue of $9.60 billion, falling below estimates. While gross profit rose 6.9%, cocoa ...
Ritz and Oreo maker Mondelez International (MDLZ) was less tasty today after a top analyst downgraded the stock on cocoa price fears. Michael Lavery, an analyst at Piper Sandler, downgraded his ...
Piper Sandler adjusted the price target for Mondelez International (NASDAQ:MDLZ) shares, reducing it to $56 from the previous $63, while retaining a Neutral rating on the stock. The stock, currently ...
On Friday, Piper Sandler adjusted its stance on Mondelez (NASDAQ:MDLZ) International shares ... comes amidst expectations that the elevated cocoa costs, a key ingredient for the company, will ...
On Friday, Piper Sandler adjusted its stance on Mondelez (NASDAQ:MDLZ) International shares ... The revision comes amidst expectations that the elevated cocoa costs, a key ingredient for the company, ...
Piper Sandler analyst Michael Lavery downgraded Mondelez (MDLZ) to Neutral from Overweight with a price target of $63, down from $70. The firm believes recently elevated cocoa costs will last ...
Q4 2024 Management View Dirk Van De Put, Chairman and CEO, stated that Mondelez delivered balanced top-line growth with a mid-single-digit increase in revenue and positive volume mix during the second ...
For Mondelez (MDLZ), the outlook is less gloomy since cocoa only represents ~12% of COGS resulting in a ~300 basis point headwind to gross margin (versus ~500 basis points for Hershey).